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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?


To: Dennis R. Duke who wrote (32920)2/2/1998 6:26:00 PM
From: Maverick  Read Replies (4) | Respond to of 61433
 
CNBC reporting speculation that Newbridge Networks will announce a major restructuring and that
it will miss its quarter by $0.10-$0.15 cents... Trading in the stock was halted shortly before Monday's
close.



To: Dennis R. Duke who wrote (32920)2/3/1998 12:12:00 AM
From: john dodson  Read Replies (3) | Respond to of 61433
 
IBM is rumored to be looking to take over Ascend Communications (Nasdaq : ASND). We broke this rumor a few moths ago when ASND was trading at 24. A few days later, the popular news got hold of the story and the stock ran up to 32.

This is kinda odd. Makes it sound like this is the reason ASND ran up. The LU takeover is what fueled ASND's run. Has anyone even heard this one before this guy?

-John Dodson